Main Street To Wall Street...We Will LASH OUT IF You Profit From Buying TOXIC ASSETS

The MONKEYS on Wall Street and in Washington DC Think They Can Screw Main Street Americans On TOXIC ASSETS.

Here is a message to Wall Street...President Obama and the Treasury are DEAD WRONG if they think America is going to TOLERATE YOU FOLKS MAKING A DIME ON TOXIC ASSETS! Further, we want limits put on ANY BANK, ANY FUND that purchases those TOXIC ASSETS. We here on Main Street paid the price, took the hit...THOSE ASSETS BY ALL RIGHTS BELONG TO US. We have ALREADY BOUGHT THEM THREE TIMES OVER, and are OPPOSED TO EVEN ONE THIN DIME OF OUR TAXES BEING USED TO BUY THEM. Obama, the Treasury and Geithner need to come MAKE A DEAL WITH US ON MAIN STREET, NOT YOU SCUM ON WALL STREET.

Those TOXIC ASSETS are worth about 10-15 cents on the dollar right now. Congress should change the 401K rules so that we can instruct our people (IE, in my own case TIAF-CREF)to issue us letters of credit that allow us to use the money we have in our 401 K accounts (without penalty)to purchase those toxic assets and sit on them ourselves...we have been FORCED to sit on assets and keep our money in funds because we could not afford the unfair TEN PERCENT PENALTY imposed on it...well, let us DUMP our bonds, get out of our funds and instead at our choice BUY TOXIC ASSETS at bargain basement prices. At 20 cents on the dollar, I can go out right now under MY PLAN outlined in this one paragraph and buy up (at AN OPEN AUCTION) some $1.5 Million worth of assets (at their pre disaster value). Let's say I picked up 15 foreclosed CONDO's as example. (Remember, we are BUYING TOXIC ASSETS, they are greatly depressed.) I guarantee you I could have those Condo's RENTED OUT in 60 days at lets say BARGAIN PRICES of $300 a month plus overhead (IE, commons fees). I own 15, which brings in $4500 a month in income...times a year is $54,000 that I could put back into the stock market. Tell me where I am going to get that kind of a return at in my 401K? Why do the BIG INVESTORS GET THE HUGE BREAKS, WHY ARE YOU KEEPING OUR FUNDS TIED UP IN EVER DECLINING 401K's?

Christina D Romer, you ARE DEAD WRONG...we here on Main Street see President Obama, his worthless Treasury FLUNKY Geithner doing business as usual, which is figuring out how you can get the Nation out of this mess in a fashion that lets the RICH AND ELITE EVENTUALLY TURN A HUGE PROFIT ON OUR PAIN....that is not going to happen! Do not try to bullshit us by painting these BARRACUDAS out to be NICE GUYS...anyone on Wall Street is A FUCKING CROOK, and we are tired of it...you people want to deal with the Toxic Assets, COME DEAL WITH US HERE ON MAIN STREET!

Some of them have told administration officials that they would participate only if the government guaranteed that it would not set compensation limits on the firms, according to people briefed on the conversations. The executives also expressed worries about whether disclosure and governance rules could be added retroactively to the program by Congress, these people said.

A spokeswoman for the Treasury declined to comment on the conversations over the weekend.

Administration officials took to the airwaves Sunday to reassure investors that the public would distinguish between companies like A.I.G., which are taking government bailout money, and private investment groups that, under this latest plan, would be helping the government take troubled assets off the books of some of the country’s biggest banks.

“What we’re talking about now are private firms that are kind of doing us a favor, right, coming into this market to help us buy these toxic assets off banks’ balance sheets,” Christina D. Romer, the White House’s chief economist, said in an interview on “Fox News Sunday.”

“I think they understand that the president realizes they’re in a different category,” she said, adding, “They are firms that are being the good guys here.”

Geithner says need private-sector help: report

WASHINGTON (Reuters) – U.S. Treasury Secretary Timothy Geithner said on Sunday that help from the private sector was critical to get toxic assets off banks' balance sheets and help resolve a credit crisis.

"Our judgment is that the best way to get through this is if we can work with the markets," Geithner said in an interview with the Wall Street Journal. "We don't want the government to assume all the risk. We want the private sector to work with us."

Geithner is set to reveal details on Monday of a plan to set up public-private investment funds that could buy up to $1 trillion in troubled loans and securities at the heart of the financial crisis.

The Journal said Treasury believes participants in the program shouldn't be subject to executive-pay rules imposed by Congress. The law authorizing a $700-billion bailout and a provision in a $787-billion stimulus package impose tough pay restrictions on firms that receive government funds, including limits on bonuses.

Bernanke Is Idiot Savant Without The Savant Part

OH MY GAWD....Bernanke is a M O R O N! (Pronounced MOOOOOO RON). Seriously, I cannot believe our Fed Chief discribes what we are experiencing as a "severe contraction" as if we are pregnant, or going through growing pains. It gets better, there is a reason I am saying he is an Idiot Savant minus the Savant part...he promises to USE ALL TOOLS AVAILABLE to fix things, to keep America out of a DEEPER RECESSION. Sounds good right? Then he drops the other shoe...fixing the problem DEPENDS ON FREEING UP CREDIT! If your head just twirled around, and green vomit flew out of your throat like Rosemary's Baby join the crowd.

Tell me Mr. FINANCIAL EGG HEAD, great fortune teller of all things American Green Backs...what good is FREE FLOWING CREDIT going to do for people THAT HAVE NO JOBS? If someone is out of work, do you really think they are going to GO BUY A CAR, put a down payment no a new SPEED BOAT? Here is a clue...lets re-employ Americans by FREEZING Legal Immigration, making E Verify the law of the land, and deporting those here in American Illegally! That would start re-employing American Citizens, and if Americans ARE WORKING, THEY ARE GOING TO SPEND MONEY...which in turn STIMULATES THE ECONOMY!

CREDIT and the ABUSE OF IT got us where we are at Mr. Bernanke! Living beyong our means, BIG BUSINESS convincing us we needed the LATEST AND GREATEST DOWHAOADINGDAD THINGY to be popular, to be HIP! The fact you have to CHARGE IT, get caught in the predatory lending credit card interest trap to have it is BESIDE THE POINT...BUY BUY BUY, CHARGE IT CHARGE IT CHARGE IT, we need you SPENDING MONEY mentality has us where we are at, but you ARE GOING TO SOLVE ALL OUR ILLS by freeing up debt, encouraging Americans TO TAKE ON MORE DEBT in the name of America! BRILLIANT Mr. DIPWAD BERNANKE...and you graduated FROM WHERE?

Curious here Mr. Brainiac...you state America has killed a net 3.6 Million jobs, and that Unemployment will be above normal through at least 2011. That being so, wouldn't it make ECONOMIC SENSE for America to stop bringing in 144,000 Legal Immigrants a month, wouldn't it make sense to activate E Verify so that Illegal Aliens could be forced out of the Job Market, thus putting Americans back to work? Isn't it YOUR JOB to point this out to Pro Illegal Alien President Obama and his congress? How come that little FACT is not in your economic report?